#TrumpBitcoinEmpire
White House report suggests Trump’s crypto empire could be worth nearly $1 billion.
On the campaign trail last year, then-candidate Donald Trump promised the crypto industry that he would become the first president to embrace blockchain technology. At the time, he didn’t reveal that he also planned to make crypto a cornerstone of his growing business empire.
On Friday, the White House released Trump’s first financial disclosure report as president, revealing new details on his web of business ventures, including his golf courses, sponsorship deals, and publicly traded media group. Notably, the report also provided a window into Trump’s crypto platform, World Liberty Financial, which his sons announced last summer.
Before his third run for president, Trump had expressed skepticism of crypto, describing Bitcoin as a “scam” just a few years ago. But he increasingly embraced the blockchain industry on the campaign trail last year as companies such as Coinbase and Ripple poured tens of millions of dollars into donations—a reaction to the Biden administration’s crackdown on the sector.
